Delaware License Law
Under Delaware law, when must a licensee disclose in writing that they are a licensed real estate professional when buying or selling property for themselves?
AOnly when selling property in their county of residence
BIn all transactions where they act as a principal (buyer or seller)✓ Correct
COnly in commercial transactions involving more than $1 million
DOnly when acting as the listing agent for their own property
Explanation
Delaware licensees who are buying or selling property for themselves must disclose their licensed status in writing in all transactions where they are acting as a principal party — as either buyer or seller.
Related Delaware Delaware License Law Questions
- When must a Delaware real estate licensee provide their license number?
- Under Delaware law, an unlicensed personal assistant working for a real estate broker may:
- Under Delaware law, a real estate salesperson who negotiates a lease of commercial property for two years is performing a licensed act that requires:
- The Delaware real estate licensing exam consists of how many questions?
- A Delaware salesperson may advertise property in their own name WITHOUT identifying their broker. True or False?
- Under Delaware license law, which activity does NOT require a real estate license?
- Which of the following persons is exempt from Delaware real estate licensing requirements?
- Which of the following is a ground for license revocation by the Delaware Real Estate Commission?
Practice More Delaware Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Delaware Quiz →